Mastercard acquires cybersecurity firm for $2.65B
Payments Dive
SEPTEMBER 12, 2024
The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.
September, 2024
195 
FMPay launches in Cheltenham to empower UK small businesses with simple and secure payment solutions
The Payments Association
SEPTEMBER 4, 2024
FMPay, a licensed payment provider, has launched to offer small businesses in the UK a secure and straightforward way to handle payments. With no monthly fees, competitive transaction rates, multi-currency processing, and advanced fraud protection, FMPay aims to empower small businesses to grow by providing cost-effective, reliable, and transparent payment solutions, supported by a dedicated team.
You Thought You Knew Virtual Cards…Think Again
Payments Next
SEPTEMBER 16, 2024
By John Toman, Co-founder & Chief Product Officer, Pivot Payables Commercial virtual cards have been available for years as a payment method The post You Thought You Knew Virtual Cards…Think Again first appeared on Payments NEXT.
Mexico in Focus: Open Banking and Financial Inclusion
Open Banking Excellence
SEPTEMBER 27, 2024
Mexico in Focus: Open Banking and Financial Inclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population. Today, a significant portion of the Mexican population has limited or no access to traditional banking services.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Swift Works on Enabling Real-Time Exchange of Digital Assets and Payments
Fintech News
SEPTEMBER 11, 2024
Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. Building on a series of successful experiments, Swift is advancing efforts to create practical solutions that will enable its members to transact seamlessly with digital assets. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
Sign up to get articles personalized to your interests!
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
More Trending
Amazon, Google stake out bigger foothold in payments
Payments Dive
SEPTEMBER 23, 2024
The tech giants are inserting themselves into more retail transactions to build loyalty and harvest customer data.
Adapting to SEPA ICT: Overcoming compliance hurdles with technology
The Payments Association
SEPTEMBER 17, 2024
With the rollout of new instant payment regulations under the SEPA Instant Credit Transfer (ICT) scheme, Europe’s cross-border payments landscape is significantly transforming. From overhauling existing systems to adjusting sanctions screening processes, firms need to navigate these complexities to stay compliant and competitive.
First Pacific Bank Expands Its Instant Payments Offerings With Finastra, Driving Growth
Fintech Finance
SEPTEMBER 24, 2024
Finastra has announced that First Pacific Bank , a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth.
Table Extraction using LLMs: Unlocking Structured Data from Documents
Nanonets
SEPTEMBER 20, 2024
Picture this - you’re drowning in a sea of PDFs, spreadsheets, and scanned documents, searching for that one piece of data trapped somewhere in a complex table. From financial reports and research papers, to resumes and invoices, these documents can contain complex tables with a wealth of structured data that needs to be quickly and accurately extracted.
15 Modern Use Cases for Enterprise Business Intelligence
Advertisement
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
South Korean Tourists Can Now Pay with QR Codes in Cambodia
Fintech News
SEPTEMBER 1, 2024
Cambodia and South Korea have officially launched a new cross-border payment system. This system, currently in its first phase, allows customers of Jeonbuk Bank in South Korea to make seamless payments to merchants in Cambodia using Bakong (KHQR) QR codes. The launch ceremony, held in Phnom Penh, was attended by senior officials, including Dr. Chea Serey, Governor of the National Bank of Cambodia, and Kim Tae Hyun, Vice President of Jeonbuk Bank.
HSBC pilots quantum-safe technology for digital gold
Finextra
SEPTEMBER 19, 2024
HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold.
Walmart, Fiserv team to offer real-time payments
Payments Dive
SEPTEMBER 20, 2024
The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.
‘Innovation Driving Growth’ A FinTech as a Force for Good Forum
Open Banking Excellence
SEPTEMBER 27, 2024
10th October 2024 Live Event Linkedin Twitter 'Innovation Driving Growth' A FinTech as a Force for Good Forum Join us for our annual ‘FinTech as a Force for Good Forum’ as we explore FinTech’s role in supporting consumers through economic uncertainty, as well as its ability to help drive forward the wider ESG agenda. We look forward to welcoming FinTech founders, financial services institutions, policy-makers and regulators, professional services firms, investors, and international hubs for a on
eCommerce in 2025: How Customer Experience Drives Online Retail Success
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline
Fintech Finance
SEPTEMBER 13, 2024
The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments. This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments.
Ziina banks $22M as growth explodes for the UAE-based fintech for small businesses
TechCrunch Fintech
SEPTEMBER 2, 2024
The Dubai-based startup, which now counts 50,000 retail and business customers in the UAE, has netted $22 million led by Altos Ventures. © 2024 TechCrunch. All rights reserved. For personal use only.
Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud
Fintech News
SEPTEMBER 22, 2024
Financial institutions around the world are facing a surge in fraud and cyberattacks. A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).
Webinar: Leading the Way in Instant Payments Innovation-Maximizing the Full Potential of RTP and FedNow
Faster Payments Council
SEPTEMBER 6, 2024
Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
Advertisement
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
North American cashless payments to climb 7% by 2028: report
Payments Dive
SEPTEMBER 12, 2024
Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.
NexGen Banking Summit
Open Banking Excellence
SEPTEMBER 25, 2024
23-24th October 2024 Live Event Linkedin Twitter NexGen Banking Summit The NexGen Banking Summit , scheduled for October 23rd and 24th, 2024 at the Hilton Hotel in London, brings together industry leaders, banking institutions, and technology companies. This pivotal event explores how cutting-edge technologies—such as AI, biometrics, and open banking—are reshaping the financial landscape.
Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region
Fintech Finance
SEPTEMBER 9, 2024
Thunes , the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.
Blackstone to build £10bn AI data centre in UK
Finextra
SEPTEMBER 29, 2024
Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.
Secrets of a Successful Sale: Optimizing Your Checkout Process
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
15,000 Blacklisted and 34,000 Accounts Suspended in Thai Banking Fraud Crackdown
Fintech News
SEPTEMBER 2, 2024
The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation. The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities. Payong Srivanich TBA Chairman Payong Srivanich announced on Monday that the CRF system, developed by the association, flagged more than 15,000 individuals who had opened
RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham
The Fintech Times
SEPTEMBER 11, 2024
Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international
Fed dissects consumer use of digital payments
Payments Dive
SEPTEMBER 30, 2024
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
Women in Payments ASEAN Symposium
Open Banking Excellence
SEPTEMBER 23, 2024
23-24th October 2024 Live Event Linkedin Twitter ASEAN Symposium Be inspired by women making waves in the ASEAN payments industry and beyond. Join us at the 2024 Symposium! Our theme for this year is “ Leading Through Volatility “ Our keynotes, panels, and break-out sessions will help strengthen your skills while keeping you on top of industry trends.
7 Essential Criteria for Choosing the Right Payments Partner
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
ACI Worldwide Collaborates with Red Hat to Deliver Enterprise Payments for the Cloud Era
Fintech Finance
SEPTEMBER 3, 2024
ACI Worldwide (NASDAQ:ACIW), an innovator in global payments technology, today announced a collaboration with Red Hat Inc. , the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure. With this collaboration, ACI will help customers ease their migration to the cloud to better adapt to the rapidly evolving digital economy and power the next generation of payment services.
European card transactions to fall as A2A payments take off - report
Finextra
SEPTEMBER 11, 2024
The number of card transactions in Europe is set to plummet by more than a third over the next three years, driven by the rise of account-to-account payments as ventures such as the EPI's new Wero wallet gain traction, claims a Capgemini report.
Crypto Payments in Singapore Near US$1 Billion, Fueled by Stablecoin Adoption
Fintech News
SEPTEMBER 11, 2024
Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. This surge reflects growing adoption of digital assets as a payment method across various industries, including services offered by local startups like dtcpay and the super-app Grab.
Let's personalize your content